Klarna Partners With Coinbase To Add Stablecoin Funding To Its Traditional Sources Of Funding

Klarna, the global digital bank and flexible payments provider, has partnered with Coinbase to add stablecoin funding to its broad range of traditional sources of funding, which include consumer deposits, long-term loans and short-dated commercial paper. The digital bank plans to raise short-term funding from institutional investors denominated in USDC utilizing Coinbase's digitally native infrastructure.

Adding a USDC-denominated funding source enables Klarna to access USD-like funding directly, tapping into a new pool of institutional investors.

Klarna chose Coinbase for this initiative for its proven track record in the space – it currently powers crypto infrastructure for more than 260 businesses globally.